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SSRN Electronic Journal
Article . 2004 . Peer-reviewed
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The Limits of Ex Post Implementation Revisited

Authors: Sushil Bikhchandani;

The Limits of Ex Post Implementation Revisited

Abstract

Existence of ex post incentive compatible mechanisms in models with multi-dimensional signals and interdependent values is possible when there are no consumption externalities. An ex post incentive compatible mechanism is constructed in a model where a single indivisible object is allocated among several buyers with multi-dimensional information and interdependent values. It is the combination of informational externalities (i.e., interdependent values) and consumption externalities, rather than informational externalities alone, that leads to non-existence of ex post equilibrium when agents have multi-dimensional signals. As ex post equilibrium has been employed mostly in models with private goods, this is not a significant limitation.

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    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
bronze